Rebrand aligns with the company's go-forward
infrastructure services strategy
HOUSTON, Aug. 1, 2022
/PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG), a
diversified infrastructure services platform, providing
engineering, design, construction, and maintenance services to
customers in the electric power, telecommunications, and renewable
industries, today announced the rebranding of the company to
Orbital Infrastructure Group, Inc. (NASDAQ: OIG) ("OIG"
or the "Company"), to align with the Company's infrastructure
strategy, and its continued expansion and market
diversification. In addition to rebranding the Company, OIG
has relocated its corporate domicile from the State of Colorado to Texas. Effective August
1, 2022, the Company will begin trading on the Nasdaq under
the ticker symbol "OIG."
"Earlier this year, the company discontinued its Orbital Gas
Services operation and has completely transformed to be a provider
of infrastructure solutions serving electric power,
telecommunications, and renewable customers. The Orbital
Infrastructure Group brand better represents our infrastructure
strategy and the service platform that is now established," said
Jim O'Neil, OEG's Vice-Chairman
& CEO. "Furthermore, the OIG brand is more congruent with our
mission to provide solutions to our customers that contribute to
reducing the Nation's carbon footprint.
In conjunction with the name and domicile change, OIG has
redesigned and upgraded its website, which will go live on or
before August 15, 2022 at
http://www.orbitalinfrastructuregroup.com/.
About Orbital Infrastructure
Group
Orbital Infrastructure Group, Inc. (Nasdaq: OIG) is a
diversified infrastructure services platform, providing
engineering, design, construction, and maintenance services to
customers in three operating segments; electric power,
telecommunications, and renewables.
Beginning in April 2021, Orbital
Infrastructure Group transformed its infrastructure strategy with
the acquisitions of GTS and Front Line Power Construction, the
company's telecommunications and electric power segment platforms,
as well as three synergistic "tuck in" acquisitions (IMMCO, Inc,
Full Moon Telecom, and Coax Fiber) and the divestiture of its
legacy Orbital Gas Systems business. The Company is now positioned
to profitably grow its infrastructure services platform for years
to come, organically and through synergistic acquisitions to
capitalize on strong multi-year end market drivers in the
industries we serve.
Orbital Infrastructure Group is dedicated to maximizing
shareholder value, by striving to exceed our customers'
expectations, building a diverse workforce, and making a positive
difference in the lives of our employees and the communities in
which we operate, and contributing to reducing the carbon footprint
through the services we provide.
For more information please visit:
www.orbitalinfrastructuregroup.com
Forward Looking
Statements
This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 and
Private Securities Litigation Reform Act, as amended, including
those relating to the expected use of proceeds. These statements
may be identified by the use of forward-looking expressions,
including, but not limited to, "expect," "anticipate," "intend,"
"plan," "believe," "estimate," "potential," "predict," "project,"
"should," "would" and similar expressions and the negatives of
those terms. These statements relate to future events and involve
known and unknown risks, uncertainties and other factors which may
cause actual results, performance, or achievements to be materially
different from any results, performance or achievements expressed
or implied by the forward-looking statements. Such factors
include the risk factors set forth in the Company's filings with
the SEC, including, without limitation, its Annual Report on Form
10-K for the year ended December 31,
2020, its periodic reports on Form 10-Q, and its Current
Reports on Form 8-K filed in 2020 and 2021, as well as the risks
identified in the shelf registration statement and the prospectus
supplement relating to the offering. Prospective investors are
cautioned not to place undue reliance on such forward-looking
statements, which speak only as of the date of this press release.
Orbital undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Foster Marketing
Tiffany Harris, President &
CEO
337-278-1097
tharris@fostermarketing.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/orbital-energy-group-inc-rebrands-to-orbital-infrastructure-group-inc-301596997.html
SOURCE Orbital Energy Group, Inc.